TORONTO – Barrick Gold says founder Peter Munk died peacefully in Toronto on Wednesday surrounded by family. He was 90.
The Toronto-based company, which grew into one of the world’s biggest gold producers under Munk’s leadership, didn’t disclose a cause of death.
Munk was born in Budapest in 1927 and fled Hungary with his family in 1944 when Nazi Germany invaded.
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He arrived in Toronto in 1948 at age 20 and undertook a number of entrepreneurial business activities before founding Barrick in 1983.
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Munk became one of Canada’s best-known philanthropists, including a $175 million donation to the Toronto General Hospital in 1997.
Barrick said he donated nearly $300 million to causes and institutions over his lifetime.
He is survived by Melanie, his wife of 45 years; five children, Anthony, Nina, Marc-David, Natalie, and Cheyne; and 14 grandchildren.
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